Ex-dividend in 2d · $1.71
CPA · NYSE · Airlines, Airports & Air Services

Copa

Connects the Americas through a Panama City hub and Colombian airline operations.

$130.53
After-hours close+1.14 (+0.88%)
At close$129.39(−1.44%)
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Profile

Copa Holdings, S.A.CPAIndustrials

Passenger air travel operates through Copa Airlines’ Panama City hub, with cargo and mail alongside the core passenger network. Copa Airlines Colombia connects Colombian traffic to the hub and operates Wingo’s low-cost services in Colombia and regional markets.

Passenger air travel is operated principally through Copa Airlines from Panama City, using the Hub of the Americas to connect North, Central, and South America with the Caribbean. Cargo, mail, and other activities complement the passenger network, while the Panama City hub consolidates traffic for routes that may lack point-to-point demand.

Copa Airlines Colombia connects Colombia with the Panama hub and operates Wingo's low-cost service in Colombia and regional cities. The group depends on continued commercial access to the Panama hub and traffic flows across the Americas; passenger transport remains the core of its revenue mix.

Company facts

CEOPedro Heilbron
ListedDec 14, 2005
ExchangeNYSE
HeadquartersPanama City, Panama
CountryPanama
Employees8,565
CIK0001345105
ISINPAP310761054

Key statistics

Market cap$5.34B
EPS (ttm)$15.22
P/E (ttm)8.51
ROE22.4%
P/B1.84
P/S1.34
Dividend yield3.88%
Beta1.73vs XLI 0.72

Year to date +6.2% · Average volume (30d) 278.6K

Analysts

Price target, next 12 months$185.00+42.9%Median of 30 analysts · vs the Aug 28 close
ConsensusBuy23 of 30 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRatingPrior targetTarget
Aug 24, 2026Raymond JamesReiterateStrong Buy$195$185
Jul 14, 2026Raymond JamesReiterateStrong Buy$164$195
Jun 18, 2026JefferiesTarget$185
May 25, 2026UBSTarget$185$195
May 15, 2026Evercore ISITarget$185$175

Earnings

EPS

Estimate$3.96
ReportedDue Nov 18, 2026

Revenue

Estimate$1.16B
ReportedDue Nov 18, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 5, 2026Q2 FY26$1.88$1.67−11.2%$1.08B$1.06B−1.9%−5.79%
May 13, 2026Q1 FY26$4.43$5.16+16.5%$1.04B$1.05B+1.5%+17.92%
Feb 11, 2026Q4 FY25$4.44$4.18−5.9%$959.1M$962.9M+0.4%−0.09%
Nov 19, 2025Q3 FY25$4.03$4.20+4.2%$915.8M$913.1M−0.3%−10.54%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$899.2M$842.6M$913.1M$962.9M$1.05B$1.06B
Gross profit$333.1M$291.8M$336.7M$324.9M$377.6M$179.6M
Operating income$213.8M$176.6M$212.3M$216.2M$258.6M$91.7M
Net income$176.8M$148.9M$173.4M$172.6M$212.5M$68.2M
Diluted EPS$4.28$3.61$4.21$4.18$5.16$1.67
Gross margin37.0%34.6%36.9%33.7%35.9%17.0%
Operating margin23.8%21.0%23.2%22.5%24.6%8.7%

Fiscal years (4-quarter sums)FY21 $1.51B · FY22 $2.97B · FY23 $3.46B · FY24 $3.45B · FY25 $3.62B

Revenue by product · FY25

Frequent Flyer Program Marketing Services Revenue$66.7M · 100%

Revenue by geography · FY25

North America$1.52B · 43%
South America$1.28B · 36%
Central America$696.0M · 20%
Carribean$50.1M · 1%

Balance sheet, Jun 30, 2026Cash & short-term investments $1.26B · Total debt $495.5M · Total assets $7.14B · Shareholders' equity $2.87B

Dividends

Next ex-date
Aug 31, 2026
in 2 days
Annual dividend
$5.03
per share
Dividend yield
3.88%
Schedule
Quarterly
4 payments a year

Raised for 2 straight years — most recently to $1.71 from $1.61 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.

History

Ex-dateRecordPaidAmountNote
May 29, 2026May 29Jun 15$1.71
Feb 27, 2026Feb 27Mar 13$1.71raised from $1.61
Dec 1, 2025Dec 1Dec 15$1.61
Aug 29, 2025Aug 29Sep 15$1.61
May 30, 2025May 30Jun 13$1.61
Feb 28, 2025Feb 28Mar 14$1.61
Dec 2, 2024Dec 2Dec 13$1.61
Aug 30, 2024Aug 30Sep 13$1.61
View details

Ownership

Institutions 62.55%25.79M sharesInsiders 3.91%1.61M sharesOther 33.54%13.83M shares

Shares outstanding 41.23M · Float 40.92M · 99.3% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Capital World Investors2.86M6.93%13FAug 12, 2026
Baillie Gifford & Co2.46M5.96%13FAug 6, 2026
JPMorgan Chase & Co1.54M3.74%13FAug 12, 2026
Dimensional Fund Advisors LP1.45M3.52%13FAug 11, 2026
Sprucegrove Investment Management Ltd1.45M3.52%13FAug 7, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

Peers

CompareAfter-hours close

CompanyPriceChange
Copa$130.53+0.88%$5.34B8.57.21.3+25.7%
LATAM Airlines Group (ADR)$50.25−0.66%$14.51B9.78.60.9+28.5%
Grupo Aeroméxico (ADR)$14.74+0.48%$2.14B10.16.50.5
American Airlines Group$13.69+0.37%$9.03B10.50.2+16.3%
Volaris (ADR)$6.80+0.97%$774.8M0.2+2,210.2%
Median9.98.60.4+28.5%